Thursday, September 22, 2016

Travel Pay 101

Travel Pay

Travel Pay: When to Pay It, How to Pay It, and How to Tax It

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Travel Pay: When to Pay It, How to Pay It, and How to Tax It

Discover the proper steps NOW to pay and reimburse employees correctly.

Paying employees for their travel time — and dealing with subsequent reimbursements and deductions — is one of the most confusing parts of HR and payroll administration.

  • Must you pay hourly employees for … a cab to the airport? … a drive to a second worksite? … a flight to a conference?
  • What's considered bona fide travel by the IRS?
  • When is your reimbursement payment for employees' airfare, car and hotel no longer considered an allowable travel expense … but instead considered a "commute" (taxable wages)?

Travel Pay: When to Pay It, How to Pay It, and How to Tax It — a new recording from the publishers of Payroll Legal Alert and the Payroll Compliance Handbook — explains IRS and DOL rules regarding what is considered "travel time" versus "commuting time," plus what is an allowable expense versus taxable wages.

Mindy Mayo, an employment tax expert and frequent speaker on this topic, explains which workers are entitled to travel time pay and at what rate. She also explains the tracking and paperwork necessary to compensate the traveling employee correctly.

You'll discover:

  • When to pay nonexempt employees for their time spent traveling to and from company activities — and at the activity itself.
  • What does the IRS consider bona fide travel? (Mindy addresses the rules for mileage, airfare, hotel, and car rental.)
  • How quickly receipts must legally be provided by an employee, and how often expense reports must be submitted.
  • What's considered a wage or a taxable commuting benefit.
  • What's unpaid "commuting" time … and what are the IRS guidelines regarding commuting costs?
  • Common pay- and FLSA-related problems that arise with employee travel, such as meals during travel.

Don't get caught in an FLSA lawsuit or an audit of your employees' travel expenses! Either one could be a huge expense and black mark on your record. Discover the proper steps NOW to pay and reimburse employees correctly for travel. Get your copy of Travel Pay: When to Pay It, How to Pay It, and How to Tax It today!

ORDER NOW!

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